Friday, November 20, 2009

CIMB Thai rises further

BANGKOK: CIMB Thai Bank Pcl surged by a record yesterday on speculation its Malaysian parent will delist its shares, prompting the Thai exchange to urge investors to “be careful” in trading the stock.

The shares jumped by the 30% daily limit to close at 3.90 baht (40 sen), the best performer in the benchmark SET Index, which dropped 1%. The stock has more than doubled in three days and closed at its highest level since Sept 26, 2003.